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3) Investments: Held-to-maturity Securities (Tables)
3 Months Ended
Mar. 31, 2014
Held-to-maturity Securities

 

Amortized Cost

Gross Unrealized Gains

 Gross Unrealized Losses

 Estimated Fair Value

March 31, 2014:

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         2,280,748

 $          322,509

 $                    -

 $         2,603,257

Obligations of states and political subdivisions

            1,791,368

             228,771

              (8,326)

            2,011,813

Corporate securities including public utilities

        133,084,680

        13,552,685

          (649,300)

        145,988,065

Mortgage-backed securities

            4,122,589

             280,868

            (11,017)

            4,392,440

Redeemable preferred stock

               612,023

               10,531

                     -  

               622,554

Total fixed maturity securities held to maturity

 $     141,891,408

 $     14,395,364

 $       (668,643)

 $     155,618,129

AsOfDecember312012Member
 
Held-to-maturity Securities

Amortized Cost 

Gross Unrealized Gains

 Gross Unrealized Losses  

 Estimated Fair Value  

December 31, 2013:

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         2,284,261

 $          298,901

 $                    -

 $         2,583,162

Obligations of states and political subdivisions

            1,790,661

             197,340

              (9,404)

            1,978,597

Corporate securities including public utilities

        134,257,468

        10,513,448

       (1,394,918)

        143,375,997

Mortgage-backed securities

            4,522,081

             206,617

            (11,351)

            4,717,347

Redeemable preferred stock

               612,023

               12,994

              (5,900)

               619,117

Total fixed maturity securities held to maturity

 $     143,466,494

 $     11,229,300

 $    (1,421,573)

 $     153,274,220